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The following information is available for Market, Inc. and Supply, Inc. at December 31: Accounts Accounts receivable Market, Inc. $ 57,400 Allowance for doubtful
The following information is available for Market, Inc. and Supply, Inc. at December 31: Accounts Accounts receivable Market, Inc. $ 57,400 Allowance for doubtful accounts Sales revenue 3,048 656,960 Supply, Inc. $ 76,600 2,356 867,100 Required a. What is the accounts receivable turnover for each of the companies? b. What is the average days to collect the receivables? c. Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company? Complete this question by entering your answers in the tabs below. Required A Required B Required C What is the accounts receivable turnover for each of the companies? (Round your answers to 1 decimal place.) Accounts Receivable Company Market Supply Turnover times times
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